NWM and NBG to buy GEZ Rail Solutions GmbH

Dinslaken, December 5th, 2022.

Nord West Management GmbH („NWM“) and Niederrheinische Beteiligungs Gesellschaft mbH („NBG“) have signed a contract with
Schaltbau Holding AG to acquire GEZ (Gesellschaft für elektrische Zugausrüstung) Rail Solutions GmbH („GEZ“). The acting managing directors of GEZ – Thomas
Richter and Peter Bunzeck – take part in this transaction as minority shareholders via NBG. Closing is expected to take place at year end 2022. The parties have agreed to
keep confidential the purchase price as well as other details of the transaction.